Internships

Traditional Internships are internship opportunities arranged by the Institute with a host company to provide Ross students with an opportunity to receive hands-on entrepreneurial experience.

The recommended compensation is $1,200 per week for an MBA and $900 per week for a BBA for 12 weeks, but this will vary from host to host. Students must be a first-year MBA or equivalent for evening and dual degree students, or a Sophmore or Junior BBA and must be currently enrolled at the Ross School of Business. International students are responsible for ensuring that their visas meet eligibility requirements for work.

• Review current postings: Entrepreneurial Venture Listings + Venture Capital Listings 
• Submit your application to any internship through Canvas. Applications will be forwarded to companies for review.
• Companies will contact students directly to request an interview. Not all applicants will receive an interview. 

• Internship Plan: During the second week of the internship, the intern will write an internship plan that describes what the job focus will be for the summer and what value will be gained from the internship. It should clearly detail the student's individual goals for the summer and the goals of the host company. 
• Thank You Letter: Each intern is assigned to a specific Institute donor who provided funding for the internship program. In the middle of the summer, the intern will write a thank you letter to the designated supporter. 
• Exit Survey: A week after the internship ends, ZLI will send each student intern a survey about how the internship went this summer. We're interested in both learning how students spend their summers and getting feedback on internships and experience with the program.

For further information, contact zliinternships@umich.edu. 

Student-initiated internships support Ross students that are recruiting their own internship host and shaping the internship efforts with startup companies or venture capital firms. Students can find opportunities by joining relevant mailing lists, reading entrepreneurial blogs, engaging local entrepreneurial groups, and reviewing investments from venture capital firms. When contacting companies that sound promising, students should emphasize their unique skills and talents and suggest how an internship would be in the company's best interest. ZLI will provide a salary match of up to 50% of the intern’s salary (maximum of $7,200 for MBAs and $5,400 for BBAs) for a 12-week internship. Visit the ZLI Internships Canvas site for necessary application documents. Graduate students must be a first-year MBA or equivalent for evening and dual degree students, undergraduate students must be a Sophomore or Junior BBA.

Eligible host companies must be in the early growth phase of business development, preferably with less than 50 employees and secure financial backing through outside funding or internally generated cash flow. A venture capital firm that invests in early stage companies may also serve as a host company, though students should perform work for the firm itself and not for the portfolio company.

The focus of the 12-week internship should be based on the host company's goals and identify how the student will help the company achieve those goals. The work performed by the intern should give the student a significant opportunity to contribute to the success of the host company while developing her/his entrepreneurial skill set. Internships with venture capital firms should provide the student with an investor's perspective of entrepreneurship.

• Complete the interest form
• Write a two-page statement that identifies the scope of the work to be performed, the effect the intern will have on the company, and the expected outcomes for the host company and the student.
• Obtain an offer letter from the host company using ZLI’s offer letter template.
• Applications will be accepted on a rolling basis but those received by early March will have a much higher likelihood of being funded. 

• Internship Plan: During the second week of the internship, the intern will write an internship plan that describes what the job focus will be for the summer and what value will be gained from the internship. It should clearly detail the student's individual goals for the summer and the goals of the host company. 
• Thank You Letter: Each intern is assigned to a specific Institute donor who provided funding for the internship program. In the middle of the summer, the intern will write a thank you letter to the designated supporter. 
• Exit Survey: A week after the internship ends, ZLI will send each student intern a survey about how the internship went this summer. We're interested in both learning how students spend their summers and getting feedback on internships and experience with the program.

For further information, contact zliinternships@umich.edu.  

A limited number of Self-Hosted Internship opportunities allow Ross students to spend the summer executing their own business plans. Student founders are encouraged to apply for this opportunity if they have a complete business plan and have not received outside equity financing. Participants in the Michigan Business Challenge and the Dare to Dream Grant Program are permitted and encouraged to apply; however, students may apply regardless of their involvement with these programs. Graduate students who apply for a Self-Hosted Internship must be a first-year MBA or equivalent for evening and dual degree students; undergraduate students a Sophomore or Junior BBA and must be in good academic standing at the Ross School of Business.

Students who apply for a Self-Hosted Internship must be enrolled at the Ross School of Business and must be in good academic standing. Compensation is limited to $7,200 for one individual, though the entire team is encouraged to help develop the business during the summer. The student may not work for another employer for the duration of the summer. Students must plan to launch in the Ann Arbor-area to be granted a Self-Hosted Internship so that proper guidance and counseling can be provided.

• Meet with a ZLI entrepreneur-in-residence or staff member to determine preparedness for a self-hosted application.
• Complete an internship application and attach a one-page resume. (Application is available in January) 
• Submit either a short business plan or pitch deck that presents the problem, your solution, the business model, what you've done so far, your next steps, and the team. 
• Create a one-page summary of the goals of the internship.
• Applications must be received by March 16, 2020. After the deadline, ZLI will connect with students on whether the application has been approved for self-hosted funding. Only complete applications submitted to ZLI will be selected for review. 

• Weekly meeting: Interns will meet with an assigned staff mentor at the Zell Lurie Institute to discuss the progress and roadblocks of launching their business.
• Thank You Letter: Each intern is assigned to a specific Institute donor who provided funding for the internship program. In the middle of the summer, the intern will write a thank you letter to the designated supporter. 
• Exit Survey: A week after the internship ends, ZLI will send each student intern a survey about how the internship went this summer. We're interested in both learning how students spend their summers and getting feedback on internships and experience with the program.

For further information, contact zliinternships@umich.edu.